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SYN - Synergia Energy

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Re: OEX - Oilex

Yes I've been noticing this oscillating pattern as well, sure helps with how closely I've been watching this stock. The peaks are remarkably consistent, if the oscillation continues I may consider selling @40c (where I'm predicting the peak to be, but don't take my word for it) then buying in at the trough. Time will tell.
 
Re: OEX - Oilex

Looking at the graph you'd have to say the uptrend is over with a close below 25c. We got close today but I would say the up trend is definately weakening. It'll take some good drilling results to put us back on track I think. I nearly got out at 29.5c today but held on. I've only got a quarter of the exposure I used to have on OEX - a bit of nervous selling before the spike to 38c and didn't sell any at that price (stupid greed, why are we victims to these emotions). Happy to continue holding at 29.3c but this is now my highest risk stock - except maybe BLY
 
Re: OEX - Oilex

Looking at the graph you'd have to say the uptrend is over with a close below 25c. We got close today but I would say the up trend is definately weakening. It'll take some good drilling results to put us back on track I think
Click to expand...

Today everything got belted. The problems with Dubai are serious so naturally the market is going to take a big hit.

Hopefully there is actually some result from the drill that will ive some impetus to the price . But for the next few days I think overall market sentiment is going to have the most effect.
 
Re: OEX - Oilex

Nice to see the SP hold and rise a little today.

I sold down quite a bit last week once the SP started to look in a serious downward trend. Given the size of the downward movement, I was not worried about Dubai - I reckon and still feel that we have witnessed some serious selling from a couple of institutions.

Time will tell if I was right. Hopefully they are closer to finished and the SP might recover as we get closer to the target zone. I shouldn't lose on this but currently have only made 10% to date. Need sales at 31c and above to really add to the %. Interesting week ahead...
 
Re: OEX - Oilex

First hole wasn't what it could have been, not holding at the moment but a good opportunity to get on soon for the second hole depending on where SP finishes, at time of writing down .06c to .195c.
 
Re: OEX - Oilex

def good opp to get back in here today.... if i had the cash

with the next drill coming up i cant understand why people are selling... the next drill is free carried and has adds a potential 60c to the sp

ridiculous
 
Re: OEX - Oilex

swm79 said:
def good opp to get back in here today.... if i had the cash

with the next drill coming up i cant understand why people are selling... the next drill is free carried and has adds a potential 60c to the sp

ridiculous
Click to expand...

Looks like capitulation today. Got a nice chunk. May add to it if it comes back to 17s or 18s. Today's report doesnt look too bad so I just ignored it for now.
 
Re: OEX - Oilex

nice pick up SQ... been massively sold off - RSI in the 20s

cant believe it went sub 18 this morning

JPM selling 3m in late nov early dec has everyone skittish...

interesting to see what happens at the close
 
Re: OEX - Oilex

swm79 said:
interesting to see what happens at the close
Click to expand...

Hopefully spud oil. Oil with diamonds. In fact, screw the oil. Just spud diamonds. :
Hope the insto selling is done now.

DYOR, Been wrong before on that.
(the spudding diamonds part)
 
Re: OEX - Oilex

Couldn't go past these this morning, picked up a parcel at .19, might not have bottomed but pretty happy with that, thankfully MEO held me up last month or I would have been crying today not smiling.
 
Re: OEX - Oilex

Ive bought this for a bounce trade too

share price should recover in the lead up to the spudding of the next well
 
Re: OEX - Oilex

I added to my position today so now I'm down to holding @ 28.5c avg

Talk about a slow day of trading!
 
Re: OEX - Oilex

Yes, grabbed a parcel at .19 and has brought my cost basis from .31 to .248. So lets hope that it all works out well
 
Re: OEX - Oilex

sell-off continues today, although on decreasing volume, currently @ .17, chart-wise, crucial support in .145-.155 range

the marketrazon has landed
we eat markets for breakfast, lunch and dinner (and a small snack in between)
 
Re: OEX - Oilex

This morning's failure to run and the pulling of the bid at 19 gave it away. Too many true believers still holding for it to bounce properly...
 
Re: OEX - Oilex


Well done to you guys who managed to trade OEX on the recent bounce. I got nervous last Tuesday as we were 2 days from the next expected update and no SP movement was occurring. Sold off last 10% at 27c (a loss for these shares). Took a bit of gloss off the small profit I made. In this market, preservation of capital is the key for me. Good luck to all holders for the 2nd drilling.

Bought OEX at 29c
Sold 90% at ave. 32c
Sold 10% at 27c
Made a small 7% profit approx. Nothing to write home about...
 
Re: OEX - Oilex

Don't know to much about OEX however looks like it has lost all gain from the possiblity of success of the first well.

Now that they are abandoning the first and moving to the second how long does do you all think it will be until results start coming in for the second well..
 
Re: OEX - Oilex

enigmatic said:
Now that they are abandoning the first and moving to the second how long does do you all think it will be until results start coming in for the second well..
Click to expand...

well, it took them around 2.5 wks from start to finish for the first well. if my memory serves me well the second well is not as deep hence possibly less than 2.5 wks? however, with the Christmas and New Years period coming up i'm not sure if they will slow down the drilling or continue at full pace... anyone who has more insight would be greatly appreciated.

holding at average 22.5 cents.
 
Re: OEX - Oilex


Announcement this morning, new hole close to spud, only the first paragraph, refer to ASX announcement, be good to see some market reaction to the second hole.
 
Re: OEX - Oilex

I wonder if we'll see an upwards movement this time or whether buyers will wait to hear the drilling results. With any luck they'll hit oil this time
 
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